Video: Real Estate Community Tour for Doylestown, PA

See Real estate community tour for Doylestown, PA

Welcome to February's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of February. The number of active listings was up 13% from one year earlier, and up 3% from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was just under 550-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 53%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 330-thousand dollars. The number of units sold increased 16% year-over-year, and decreased 31% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.